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Articles for tag: breached, bullish, business, Latest, momentum, PSX, remains

January 6, 2026

News Desk

PSX breached 185,000 as bullish momentum remains

KSE-100 gains 2,653 points as banks, cement, oil & gas and auto stocks lead rallies The bullish momentum on the Pakistan Stock Exchange (PSX) remained firmly intact on Tuesday as bullish markets pushed the KSE-100 index to breach the 185,000 mark, setting yet another all-time high. The market hit fresh intraday highs and closed at record highs, reflecting strong investor confidence heading into CY26. The index hit an intraday high of 185,481.45 and a low of 181,182.07, before adding 2,653.87 points, or 1.45%, to close at 185,062.11. The buying interest was broad-based, with strong participation in key sectors including auto

January 2, 2026

News Desk

Bullish streak continues as PSX tops 179,000 ahead of earnings week

A broker talks on the phone as he looks at an indicator board showing the latest stock prices on the PSX in Karachi on February 10, 2023. — AFP The stock market opened on the front foot on Friday, breaching the 179,000 mark for the first time and setting a fresh all-time intraday high, as investors braced for next week’s earnings, rupee gains and speculation on further policy easing by the State Bank of Pakistan (SBP) after a softer December Consumer Price Index (CPI) print. The benchmark Pakistan Stock Exchange (PSX) KSE-100 climbed to an intraday high of 179,016.88, gaining

August 5, 2025

News Desk

Bullish trend continues on PSX in the optimism of the cement sector

Broker busy on trading on Pakistan Stock Exchange (PSX) in Karachi on Thursday 5 December 2024. – PPI Karachi: The stock market continued its upward trajectory on Tuesday, as optimism of investors around the cement sector and recent progress in circular debt reforms supported the feeling. The Pakistani Stock Exchange (PSX) reference index rose to an intra-host high of 143,059.81, earning 1,228.7 points or 0.86%, while reached a low 142,235.71, reflecting an increase of 183.07 points or 0.13%. “Increasing the market, waiting for the best of the expected results of cement companies,” said Topline Securities CEO Mohammad Sohail. AAH Soomro,

July 22, 2025

News Desk

Bullish Momentum returns to PSX in the midst of optimism of reform, hopes of interest rate reduction

Broker is busy with Pakistan’s Stock Exchange (PSX) on Wednesday 18 June 2025. – PPI The stock market increased on Tuesday, as investor feeling was reinforced with high -level financial stability assurances, policy -making expectations and strong corporate profits. The Pakistani Stock Exchange (PSX) reference index rose to an intra-admirable high of 139.901.77, earning 1,684.19 points or 1.22%, before falling to a low of 138,197.81, below 19.77 points or 0.01%. “Stocks negotiating at a new meeting of all time after business leaders with Field Marshal Munir assured the army’s support for financial progress,” said Ahsan Mehanti, CEO and CEO of

January 19, 2025

News Desk

Bullish Signals Suggest Dogecoin Could Reach $5, Crypto Experts Say

Listen to the article Dogecoin (DOGE), the popular meme-based cryptocurrency, is making headlines again as crypto analysts point to strong bullish signals that could propel its price to new heights. Recent information suggests that DOGE could potentially reach $5, with some long-term forecasts targeting even higher price points. Explosive growth Prominent cryptocurrency analyst Trader Tardigrade has outlined a bullish path for Dogecoin, stressing that the cryptocurrency is entering the final phase of its uptrend. Using the Chande Momentum Oscillator (ChandeMO), Tardigrade’s analysis shows that DOGE could rise to $5 and above, potentially reaching $9 in this market cycle. Drawing comparisons

January 8, 2025

News Desk

PSX bounces in bullish correction, energy stocks recover

A Pakistani stockbroker watches stock prices during a session at the PSX in Karachi on October 17, 2024. — INP The stock market started Wednesday’s session on a positive note, recovering from two consecutive sessions of losses, due to the upward correction. The benchmark Pakistan Stock Exchange (PSX) KSE-100 gained 1,697.54 points, or 1.46%, to hit an intraday high of 117,750.22. “The initial recovery can be attributed to an upward correction from yesterday’s 2,500-point drop and recovery in energy stocks,” Ismail Iqbal Securities managing director Ahfaz Mustafa said. Geo.tv. Another reason for optimism in the market was the expected visit

January 1, 2025

News Desk

PSX registers a strong bullish trend in the New Year

Listen to the article The Pakistan Stock Exchange’s (PSX) KSE-100 index added 1,618.21 points in intraday trade on Wednesday, up 1.41%, as investor optimism led to a bullish session. The benchmark is currently at 116,745.11, up significantly from its previous close of 115,126.90. The day’s trading so far has seen the index hit a high of 116,993.42 and a low of 114,719.89. A total of 289.96 million were traded. shares, with a market value of 18.91 billion Rs as investors responded positively to the favorable market conditions. PSX is seeing a big boost as it approaches the end of the

May 14, 2024

News Desk

PSX scales new highs on bullish sentiment

KARACHI: The Pakistan Stock Exchange (PSX) on Monday soared to record highs by adding more than 700 points and at one stage breached the psychological barrier of 74,000 on optimism surrounding the outcome of loan talks between Pakistan and the International Monetary Fund (IMF ). In the morning, the KSE-100 got off to a torrid start as the KSE-100 hit an intraday low of 73,109.76. Despite falling to the low of the day very soon, market sentiment gradually shifted to positives, which pushed the index higher. The positive trend was boosted by the government’s discussion of privatization of loss-making state-owned

March 15, 2024

News Desk

In a sharp turn, stocks turn bullish

KARACHI: The Pakistan Stock Exchange (PSX) took a sharp turn on Thursday as the KSE-100 index surged over 1,000 points, breaching the 65,000 mark in a huge jump that came amid optimism over the International’s latest assessment of $3 Monetary Fund. billion standby agreement (SBA) and reducing bond yields. The stock market rallied as soon as trading began and the upward trend continued steadily almost throughout the day after the government’s talks with the IMF began. The Treasury Department’s assurance that the country is well positioned to finalize the SBA and negotiate a new bigger and bigger loan package lifted

November 19, 2023

News Desk

Rupee to maintain bullish trend as IMF tranche approaches

The local unit recently appreciated on optimism sparked by the IMF review, which boosted investor confidence in the economy A man counts Pakistani rupee notes at a foreign exchange shop in Peshawar, Pakistan, September 12, 2023. — Reuters The rupee rallied 0.36% against the dollar in the past week. Local currency earnings against dollar sales by exporters. “Market estimates the rupee will strengthen to around 282”. KARACHI: The rupee is expected to post gains next week on dollar selling by exporters and optimism about the country’s economy following the International Monetary Fund (IMF) accord, according to The news on Sunday

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